In a news conference today, Ben Bernanke announced that although the Federal Reserve will extend one stimulus program through the remainder of the year, there is little he can do to spur economic growth without the help of Congress.
Bernanke said that monetary policy can't fix everything, and with interest rates already touching record lows, he may be running out of tricks.
Growth has not stalled yet, but it is undeniably sluggish – Bernanke added that Congress needs to provide a stable, long-term economic policy to truly spur growth. Erin Burnett discusses Bernanke's news conference with Wolf Blitzer.
Tune in tonight at 7PM/ET for Erin's full deconstruct.
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Erin Burnett OutFront airs weeknights at 7 p.m. ET. Designed to showcase Erin's unique style--casual, smart, and confident--OutFront stays ahead of the headlines, delivering a show that's in-depth and informative.
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